Automating Machine Transactions and Building Trust in the 4th Industrial Revolution

Automating Machine Transactions and Building Trust in the 4th Industrial Revolution

innogy Innovation Hub explores IOTA for Machine Economy

“Historically, trust has been “added on” to products or transactions as they flowed through a value chain for physical goods or services. Physical, or electronic, records trail every object to prove its origin, destination, quantity and history. Producing, tracking and verifying all this information imposes a massive “trust tax” of time and manual effort on banks, accountants, lawyers, auditors, quality inspectors and support functions. Important information is lost, inaccessible or even intentionally hidden.

As the fourth industrial revolution unfolds, blurring the line between the physical and digital worlds, blockchain is emerging to significantly improve authenticity and integrity of data to follow physical objects or services and guide them through the entire value chain…”

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https://blog.iota.org/automating-machine-transactions-and-building-trust-in-the-4th-industrial-revolution-d3219a157396

https://blog.iota.org/automating-machine-transactions-and-building-trust-in-the-4th-industrial-revolution-d3219a157396